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Local renewable energy developer, Alternergy Holdings Corp., said its board has approved the move to secure up to P4 billion worth of green corporate loans to support the timely construction of new renewable power projects this year.
“We are pleased to receive final board go signal to expand the company’s capital raising initiatives. This would boost financial capacity of our shovel-ready projects to immediately commence construction,” said Gerry Magbanua, Alternergy president, in a disclosure to the Philippine Stock Exchange yesterday.
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